Richard Metcalfe Joins Bank of England’s FX Joint Standing Committee

Richard Metcalfe has joined the Bank of England’s Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Joint Standing Committee (FXJSC), following a recent announcement from the UK Central Bank’s minutes.

Mr. Metcalfe joins the Bank of England (BoE) from Investment Management Association (IMA), where he worked as the Director of Regulatory Affairs. The BoE has been in focus lately following the uneven performance of the British pound and its subsequent actions that have caused it to hit a 13-month low recently vs. the USD.

The IMA itself represents the UK investment management industry, while its comprising members have over £5 trillion of assets under management. In this role, he worked closely with other IMA Directors, notably those in the Public Policy realm, Capital Markets and Risk, Compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term & Legal.